Word: australian
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...staying put means learning to live without many plush perks of the expat lifestyle. The first to vanish are the generous housing allowances that many companies use to entice foreign talent overseas. "I'm beginning to see more expats downgrade to smaller and cheaper apartments," says Michael Ciola, an Australian real estate broker who caters to foreigners. The second luxury to be dropped is the private club. The cost of a transferable membership at the Singapore Island Country Club has slumped to $100,000, down nearly a third during the past 18 months, according to the Business Times Golf Index...
...Chairman Ben Bernanke have both said they don't have the authority to wind down global financial conglomerates like Citi. The upshot: "If you want to have no more Lehmans, then inevitably you wind up guaranteeing the banks' debts," said John Hempton, a money manager and former Australian treasury official whose Bronte Capital blog has become another crisis must-read. That is, an orderly reorganization of the financial system in which creditors make sacrifices would be great. But it's not really an option. So we keep bailing them...
...steamy antipodean evening, and I'm lost in the Australian bush, wandering around a remote patch of Queensland that is the last redoubt of one of the world's rarest large mammals: the northern hairy-nosed wombat. Only 115 of the burrowing, nocturnal marsupials survive in this 7,800-acre (3,160 hectare) preserve at Epping Forest National Park, and I've ventured out in the hope of spotting one. As my footsteps send wallabies bounding through the scrub, something shuffles through the grass a few yards ahead. I aim my flashlight, and I'm startled to find myself confronting...
...February 2008, Queensland's top environmental officials walked into the Australian headquarters of Xstrata and made the pitch. For Xstrata Coal CEO Peter Freyberg, investing an initial $3 million in the wombat was a no-brainer. "There's obviously benefit in terms of the way people perceive Xstrata," says Freyberg...
...coastal areas around the world could be at increased risk for flooding. "Unless we take urgent and significant mitigation actions, the climate could cross a threshold during the 21st century committing the world to a sea-level rise of meters," says John Church, an oceanographer at the Centre for Australian Weather and Climate Research and one of the study's co-authors...